WTO could harm cement trades

05 December 2005

Local cement manufacturers called on counterparts in the Association of Southeast Asian Nations’ Federation of Cement Manufacturers to resist moves in the World Trade Organization (WTO) to peg a ceiling for tariffs on cement. Ernesto Ordonez, president of the Cement Manufacturers Association of the Philippines, said developed economies want to impose a ceiling that is double of prevailing tariffs, ie, 10 per cent to the Philippines’ current 5 per cent tariff rate. This, in turn, will curtail developing economies’ flexibility when faced with a flood of cheap imports.
Published under Cement News